A company issued 40 shares of $1 par value common stock for $5,000. The journal entry to
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A company issued 40 shares of $1 par value common stock for $5,000. The journal entry to record the transaction would include which of the following?
A. Debit of $4,000 to common stock
B. Credit of $20,000 to common stock
C. Credit of $40 to common stock
D. Debit of $20,000 to common stock
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Related Book For 
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
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